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百济神州（ONC）与TRINET GROUP, INC.（TNET）财务数据对比。点击上方公司名可切换其他公司
百济神州的季度营收约是TRINET GROUP, INC.的1.2倍（$1.5B vs $1.2B），百济神州同比增速更快（32.8% vs -2.2%），百济神州自由现金流更多（$379.8M vs $43.0M），过去两年百济神州的营收复合增速更高（41.2% vs -0.6%）
BeOne Medicines（原百济神州）是一家跨国肿瘤领域制药企业，专注于癌症治疗创新药物的研发与商业化，致力于为全球癌症患者提供更有效、可及性更高的治疗方案，改善患者的生存质量与预后。
TriNet Group, Inc.是一家面向中小企业的专业雇主组织，总部位于加州都柏林，服务员工规模在3至2500人之间的各类机构。可提供薪资管理、健康福利管理服务，还能为客户提供劳动法规合规、风险降低相关咨询，可作为外包人力资源部门为企业分担人事相关事务。
ONC vs TNET — 直观对比
营收规模更大
ONC
是对方的1.2倍
$1.2B
营收增速更快
ONC
高出35.0%
-2.2%
自由现金流更多
ONC
多$336.8M
$43.0M
两年增速更快
ONC
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.2B |
| 净利润 | $66.5M | — |
| 毛利率 | 90.5% | — |
| 营业利润率 | 12.4% | 0.1% |
| 净利率 | 4.4% | — |
| 营收同比 | 32.8% | -2.2% |
| 净利润同比 | 143.8% | — |
| 每股收益（稀释后） | $0.05 | $0.02 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ONCTNET
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | $929.2M | $1.2B | ||
| Q1 24 | $751.7M | $1.3B |
净利润ONCTNET
| Q4 25 | $66.5M | — | ||
| Q3 25 | $124.8M | $34.0M | ||
| Q2 25 | $94.3M | $37.0M | ||
| Q1 25 | $1.3M | $85.0M | ||
| Q4 24 | $-151.9M | — | ||
| Q3 24 | $-121.3M | $45.0M | ||
| Q2 24 | $-120.4M | $60.0M | ||
| Q1 24 | $-251.2M | $91.0M |
毛利率ONCTNET
| Q4 25 | 90.5% | — | ||
| Q3 25 | 86.1% | — | ||
| Q2 25 | 87.5% | — | ||
| Q1 25 | 85.2% | — | ||
| Q4 24 | 85.8% | — | ||
| Q3 24 | 83.0% | — | ||
| Q2 24 | 85.1% | — | ||
| Q1 24 | 83.4% | — |
营业利润率ONCTNET
| Q4 25 | 12.4% | 0.1% | ||
| Q3 25 | 11.5% | 4.1% | ||
| Q2 25 | 6.7% | 4.1% | ||
| Q1 25 | 1.0% | 8.9% | ||
| Q4 24 | -7.0% | -2.9% | ||
| Q3 24 | -12.0% | 4.7% | ||
| Q2 24 | -11.5% | 6.5% | ||
| Q1 24 | -34.8% | 9.7% |
净利率ONCTNET
| Q4 25 | 4.4% | — | ||
| Q3 25 | 8.8% | 2.8% | ||
| Q2 25 | 7.2% | 3.0% | ||
| Q1 25 | 0.1% | 6.6% | ||
| Q4 24 | -13.5% | — | ||
| Q3 24 | -12.1% | 3.6% | ||
| Q2 24 | -13.0% | 4.9% | ||
| Q1 24 | -33.4% | 7.2% |
每股收益（稀释后）ONCTNET
| Q4 25 | $0.05 | $0.02 | ||
| Q3 25 | $0.08 | $0.70 | ||
| Q2 25 | $0.06 | $0.77 | ||
| Q1 25 | $0.00 | $1.71 | ||
| Q4 24 | $-0.10 | $-0.44 | ||
| Q3 24 | $-0.09 | $0.89 | ||
| Q2 24 | $-0.09 | $1.20 | ||
| Q1 24 | $-0.19 | $1.78 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $4.5B | $287.0M |
| 总债务越低越好 | $836.4M | — |
| 股东权益账面价值 | $4.4B | $54.0M |
| 总资产 | $8.2B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.19× | — |
8季度趋势，按日历期对齐
现金及短期投资ONCTNET
| Q4 25 | $4.5B | $287.0M | ||
| Q3 25 | $4.0B | $321.0M | ||
| Q2 25 | $2.8B | $407.0M | ||
| Q1 25 | $2.5B | $349.0M | ||
| Q4 24 | $2.6B | $360.0M | ||
| Q3 24 | $2.7B | $301.0M | ||
| Q2 24 | $2.6B | $249.0M | ||
| Q1 24 | $2.8B | $383.0M |
总债务ONCTNET
| Q4 25 | $836.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ONCTNET
| Q4 25 | $4.4B | $54.0M | ||
| Q3 25 | $4.1B | $110.0M | ||
| Q2 25 | $3.8B | $107.0M | ||
| Q1 25 | $3.5B | $63.0M | ||
| Q4 24 | $3.3B | $69.0M | ||
| Q3 24 | $3.4B | $129.0M | ||
| Q2 24 | $3.4B | $100.0M | ||
| Q1 24 | $3.4B | $143.0M |
总资产ONCTNET
| Q4 25 | $8.2B | $3.8B | ||
| Q3 25 | $7.6B | $3.4B | ||
| Q2 25 | $6.3B | $3.7B | ||
| Q1 25 | $5.8B | $3.8B | ||
| Q4 24 | $5.9B | $4.1B | ||
| Q3 24 | $5.8B | $3.7B | ||
| Q2 24 | $5.7B | $3.7B | ||
| Q1 24 | $5.7B | $4.0B |
负债/权益比ONCTNET
| Q4 25 | 0.19× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $417.3M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $379.8M | $43.0M |
| 自由现金流率自由现金流/营收 | 25.4% | 3.4% |
| 资本支出强度资本支出/营收 | 2.5% | 1.4% |
| 现金转化率经营现金流/净利润 | 6.28× | — |
| 过去12个月自由现金流最近4个季度 | $941.7M | $234.0M |
8季度趋势，按日历期对齐
经营现金流ONCTNET
| Q4 25 | $417.3M | $61.0M | ||
| Q3 25 | $402.6M | $72.0M | ||
| Q2 25 | $263.6M | $75.0M | ||
| Q1 25 | $44.1M | $95.0M | ||
| Q4 24 | $75.2M | $65.0M | ||
| Q3 24 | $188.4M | $84.0M | ||
| Q2 24 | $-95.6M | $39.0M | ||
| Q1 24 | $-308.6M | $91.0M |
自由现金流ONCTNET
| Q4 25 | $379.8M | $43.0M | ||
| Q3 25 | $354.5M | $55.0M | ||
| Q2 25 | $219.8M | $57.0M | ||
| Q1 25 | $-12.3M | $79.0M | ||
| Q4 24 | $-17.3M | $47.0M | ||
| Q3 24 | $54.7M | $59.0M | ||
| Q2 24 | $-205.5M | $22.0M | ||
| Q1 24 | $-465.1M | $73.0M |
自由现金流率ONCTNET
| Q4 25 | 25.4% | 3.4% | ||
| Q3 25 | 25.1% | 4.5% | ||
| Q2 25 | 16.7% | 4.6% | ||
| Q1 25 | -1.1% | 6.1% | ||
| Q4 24 | -1.5% | 3.7% | ||
| Q3 24 | 5.5% | 4.8% | ||
| Q2 24 | -22.1% | 1.8% | ||
| Q1 24 | -61.9% | 5.8% |
资本支出强度ONCTNET
| Q4 25 | 2.5% | 1.4% | ||
| Q3 25 | 3.4% | 1.4% | ||
| Q2 25 | 3.3% | 1.5% | ||
| Q1 25 | 5.0% | 1.2% | ||
| Q4 24 | 8.2% | 1.4% | ||
| Q3 24 | 13.3% | 2.0% | ||
| Q2 24 | 11.8% | 1.4% | ||
| Q1 24 | 20.8% | 1.4% |
现金转化率ONCTNET
| Q4 25 | 6.28× | — | ||
| Q3 25 | 3.22× | 2.12× | ||
| Q2 25 | 2.79× | 2.03× | ||
| Q1 25 | 34.71× | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | — | 1.00× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ONC
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
